Dubai Islamic Bank announced an increase in its stake in the T.O.M. group. According to the bank's statement, this is a strategic decision aimed at strengthening its presence in the dynamic financial sector of Turkey. The T.O.M. group includes the Islamic bank T.O.M. Katalim Bankasi and the electronic payment company T.O.M.O.M. with a share increase from 20% to 25.
"We are pleased to announce the decision of Dubai Islamic Bank to increase its share in the T.O.M. group," said the bank's chief executive director, Adnan Shlouan. "This step confirms our belief in the strategic goals of the country related to economic development based on technology."
Dubai Islamic Bank has been actively involved in the development of Turkey's financial sector for over 15 years and is considered a leading financial institution in the Gulf countries. This increase in stake in the T.O.M. group follows the initial deal for acquisition signed in September 2023 and is part of the bank's strategy to expand its presence in the live financial market of Turkey.
